Adsero Advised Sylndr Egypt on Securing EGP 370 Million Working Capital Facility

Adsero Advised Sylndr Egypt on Securing EGP 370 Million Working Capital Facility

Adsero advised Sylndr Egypt, an Egyptian used-car online marketplace, on securing a significant EGP 370 million working capital facility from a group of lenders. The lenders included EFG Corp-Solutions, the leasing and factoring arm of EFG Holding, along with EFG Holding’s commercial bank Bank NXT, and EGBANK.

This transaction represents a new milestone in scalable, ring-fenced capital financing, specifically designed to address Sylndr’s complex legal and financial framework. The structure acts as a foundational model for future lenders, enabling them to scale up the facility as needed.

Adsero team was led by Hossam Gramon, Partner and Head of Banking & Project Finance, and Karima Seyam, Senior Associate, assisted by Aya Badr, Associate, and Junior Associates Mostafa Serry and Nour El Kholy.

This financing marks a key step in Sylndr Egypt’s continued growth and operational expansion, setting a precedent for future financing solutions in the region.